Peter Lynch Quotes


Peter Lynch Quotes

Peter Lynch

Peter Lynch

Peter Lynch Bio

“The worst thing you can do is invest in companies you know nothing about. Unfortunately, buying stocks on ignorance is still a popular American pastime.”

“The basic story remains simple and never-ending. Stocks aren’t lottery tickets. There’s a company attached to every share.”

“As I look back on it now, it’s obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.”

“The simpler it is, the better I like it.”

“In stocks as in romance, ease of divorce is not a sound basis for commitment.”

“The key to making money in stocks is not to get scared out of them.”

“In business, competition is never as healthy as total domination.”

“In the long run, it’s not just how much money you make that will determine your future prosperity. It’s how much of that money you put to work by saving it and investing it.”

“Your investor’s edge is not something you get from Wall Street experts. It’s something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand.”

“Behind every stock is a company. Find out what it’s doing.”

“Owning stocks is like having children — don’t get involved with more than you can handle.”

“ If you can’t find any companies that you think are attractive, put your money in the bank until you discover some.”

“If you’re prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won’t get bored.”

“There’s no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.”

“If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.”

“Time is on your side when you own shares of superior companies.”

“Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research.”

“In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won’t outperform the money left under the mattress.”

“You have to keep your priorities straight if you plan to do well in stocks.”

“When you start to confuse Freddie Mac, Sallie Mae and Fannie Mae with members of your family, and you remember 2,000 stock symbols but forget the children’s birthdays, there’s a good chance you’ve become too wrapped up in your work.”

“If you’re lucky enough to have been rewarded in life to the degree that I have, there comes a point at which you have to decide whether to become a slave to your net worth by devoting the rest of your life to increasing it or to let what you’ve accumulated begin to serve you.”

“I’m always fully invested. It’s a great feeling to be caught with your pants up.”

“It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict them.”

“When people discover they are no good at baseball or hockey, they put away their bats and their skates and they take up amateur golf or stamp collecting or gardening. But when people discover they are no good at picking stocks, they are likely to continue to do it anyway.”

“That’s not to say there’s no such thing as an overvalued market, but there’s no point worrying about it.”